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Brevan Howard Adds Morgan Stanley Trader And May Get Another
June 3, 2008
A Morgan Stanley proprietary trader has joined Brevan Howard Asset Management, and the London-based hedge fund is in talks with his boss.
Shikhar Ranjan has already agreed to join the US$21 billion firm, TheStreet.com reports. He, his boss Mike Pohly and colleague Jared Epstein have left Morgan Stanley, reportedly among 1,500 layoffs firm-wide layoffs. Pohly is now in discussions about joining Brevan Howard, but no agreement has yet been struck, TheStreet says.
Pohly’s group is not thought to be responsible for the billions in losses that Morgan prop desks have suffered recently.
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